Business Innovation for Apple Inc. in 2021 and Beyond

BUSINESS INNOVATION
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Table of Contents
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Executive summary..........................................................................................................................3
INTRODUCTION...........................................................................................................................3
Future of the industry 2021 and beyond......................................................................................4
Apple innovation requirements in 2021 and beyond...................................................................5
Building the innovation capabilities for Apple inc. ....................................................................6
CONCLUSION..............................................................................................................................10
REFERENCES .............................................................................................................................11
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Executive summary
In this report the business innovation practise are undertaken which are more useful for
the company and help to grow more. The business innovation is become more vital for the
businesses and the customers because they are also wanted new technologies and tools that help
them more effectively. The future of the technological industry is being defined that is helpful
for the Apple as well as other brands who are focussed on technologies. The requirement of
Apple in the current market and the future are presented to know which are the technologies that
Apple need to adapt to sustain in market. For improving the capabilities of innovation is become
more important for apple to know the component that are included in this process. The
innovation strategy is presented which assist in helping to enhance the value of Apple.
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INTRODUCTION
An innovation business is that business in which there is regular innovation take place in
their services, process, products and services to influence the customers in positive manner
(Lopez, Bastein and Tukker, 2019). In this the business usually improve their existing products
and services as well as method. The main aim of this type of business is to improve the value of
the business and enhance its profitability. Apple Inc. is a multinational brand which is leading
brand in the electronic and other online services(Geissdoerfer, Savaget and Evans, 2017). The
company is one of the most valuable company in the world and stand at four position in cell
phone production. This report will evaluate the future of the Apple Inc. in the respective industry
in the 2021 year. Future it will explain the innovation that are required to the company in its
future and coming year to sustain in the market. Moreover, the resource that are required to
develop the innovation and capabilities for Apple Inc. to grow more in the international market.
The innovation must be effective because Apple have to grow more and this analysis will help
company to know more about the innovation practises. By using this innovates practises Apple
inc. can change their product and services according to the preference and technology
development in the market.
Future of the industry 2021 and beyond
The future of technological industry has been growing very faster than the prediction as
the technology is regularly being innovated and changing to make more effective to its users
(Elmo And et. al., 2020). As in the pandemic period of COVID-19 the technology is the only
way to remain connected and perform the task. With the technology developments help every
user to remain more flexible and more secure and identifying the opportunities in the workplace.
The future trends for the technology industry are:
Closer of digital divide: To remain connected with each other has become very important in this
world and this is one of the economic and social task for every one in the world. All the people
in the current market are regularly learned with the help of the latest technology. The upcoming
technologies are including 5G networks and Wifi6 which are more efficient in the market.
App enable agility and resilience: Before the pandemic period the business have to adopt the
change quickly to change the process as per the changes in the environment. There are many
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